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UNITED
BEFORE
THE
BOARD
STATES
OF GOVERNORS
OF AMERICA
OF THE
WASHINGTON,
MICHAEL
A Former Officer and
Institution-Affiliated
Party of
The Heartland
Croton, Ohio
Federal
Deposit
1818(e)
and
Reserve
System
section
Bank,
Croton,
participation
unauthorized
97-028-E-I
Order of Prohibition
Issued Upon Consent
Pursuant
to the Federal
Deposit Insurance Act,
as Amended
:
:
pursuant
Insurance
(i) (3)),
(the
(the
officer
3(u)
No.
Bank
WHEREAS,
a former
SYSTEM
of
A. LINDAHL
Prohibition
RESERVE
D.C.
Docket
In the Matter
FEDERAL
Act,
the Board
"Board
"Order")
and
as amended
of Governors")
Michael
(12 U.S.C.
a state
member
nominee
of a customer's
8(i)(3)
(the "Act")
of Governors
against
in fraudulent
use
8(e) and
of the
(12 U.S.C.
of the Federal
issues
this Order
A. Lindahl
institution-affiliated
of the Act
Ohio,
to sections
party,
("Lindahl"),
as defined
1813(u)),
of the Heartland
bank,
to Lindahl's
loan
assets;
due
transactions
and
of
and
in
alleged
WHEREAS,
has
consented
Governors
have
to the
(a) to the
for
implied
review
of
challenge
terms,
or set
of taking
forth
in any manner
263,
of
otherwise
or otherwise:
(b) to a
respect
(c) to obtain
hereof;
and
the basis,
or enforceability
judicial
(d) to
issuance,
of this
to any
Order
validity,
or any
hereof.
THEREFORE,
of or finding
without
Order
this
or implied
and
proceeding,
without
solely
the taking
on any
constituting
issue
an admission
for the purpose
ORDERED,
(j) of the Act
of any
of fact
of Governors
protracted
IT IS. HEREBY
and
before
by the Board
proceeding;
that:
he might
with
in this Order;
Lindahl
by the Board
to prohibit;
evidence
or contest
adjudication
(i)(3)
hereunder,
Part
of intent
or any provision
NOW,
made
Order
1818 or 12 CFR
this Order
effectiveness
provision
of this
of a notice
the purpose
matter
signature
any and all rights
to 12 U.S.C.
issuance
his
issuance
and has waived
pursuant
hearing
by affixing
pursuant
of any
allegation
in connection
hearings
to sections
1818(e),
or
or law herein;
of settlement
or extended
(12 U.S.C.
testimony
(i)(3)
with
this
of this
or testimony:
8(e),
and
(j)),
3
1.
Lindahl, without the prior written
Board of Governors and, where necessary pursuant
approval of the
to
section 8(e)(7)(B) of the Act (12 U.S.C. 1818(e) (7) (B)), another
federal financial institution regulatory agency, is hereby and
henceforth prohibited from:
(a)
Participating in any marzer
in the conduct of
the affairs of any institution or agency specified
in
section 8(e)(7) (A) of the Act (12 U.S.C. 1818(e) (7) (A)),
including without limitation, any insured depository
institution,
or any bank or savings association holding company;
(b)
soliciting, procuring,
transferring,
attempting to transfer, voting or attempting
to vote any proxy,
consent, or authorization with respect to any voting rights in
any institution described in section 8(e) (7) (A) of the Act;
(c)
violating any voting agreement previously
approved by any federal banking agency; or
(d)
voting for a director, or serving as an
institution-affiliated party, such as an officer, director or
4
employee,
of any
institution
described
in section
8(e) (7) (A) of
the Act.
2.
subject
both
Any
Lindahl
under
This
remain
Order,
fully
and
shall
provision
enforceable
or suspended
penalties
or
1818).
and every
and
separately
or civil
(12 U:S.C.
each
effective
terminated
Order
criminal
8 of the Act
modified,
stayed,
of this
to appropriate
section
3.
and shall
violation
hereof,
until
in writing
is
expressly
by the Board
of Governors.
4.
addressed
communications
regarding
this Order
shall
be
to:
5.
estop
All
(a)
Andrew C. Burkle, Jr.
Mr.
Vice President
Federal Reserve Bank of Cleveland
1455 East Sixth Street
Cleveland,
Ohio 44114
(b)
Mr. Michael
A. Lindahl
1378 Goldsmith
Drive
Westerville,
Ohio 43081
The
or otherwise
provisions
prevent
of this
the
Board
Order
shall
of Governors
not bar,
or any
federal
5
or state
affecting
3+ay
-
of
agency
or department
from
taking
any
other
action
Lindahl.
By order
of the Board
F&J 7b-
‘ 1998.
,b/
of Governok
effective
this
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
d/L
I
By:
-r/!&2L
William W. Wiles
Secretary
of the Board